Form the profit function for the cost and revenue functions, where the total costs and total revenues are given by and .

Name: Form the profit function for the cost and revenue functions, where the total costs and total revenues are given by and .
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Question

Form the profit function for the cost and revenue functions, where the total costs and total revenues are given by  and  . ​

Quizplus · Accepted Answer

The profit function is given by:
Profit = Revenue - Cost

Substituting the given cost and revenue functions, we get:

Profit = 1200e - 0.01e^2 - 500e

Simplifying, we get:

Profit = -0.01e^2 + 700e

Thus, the best choice is (B).

Form the Profit Function for the Cost and Revenue Functions